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Dec 12, 2012
12/12
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. >> i think the market is playing a game of three-card monty right now. you have the fed on one side, fiscal cliff in the middle, and i think earnings is actually where the coin is. that's where the prize is. i think the market is vulnerable because it reminds me of 2007. earnings struggled the second half of the year. against that, you have macro easing from the fed. going to the december 2007 meeting, you actually had them cut rates. and after that, the market had a real tough time. >> jim, what do you think about the three-card monty theory? >> i don't really think that earnings is the driving force. i think we've produced much of the earnings for the cycle. we're at new all time highs. the i think earnings will rise a little more. the big key driving force is rising ornaments. over 10% of the gain is because the earnings multiple goes to 13 1/2 now. that's 10% of the gain this year. and rising pes is all about rising confidence. i think, if we agree this is more of a sustainable recovery, then confidence will either continue to rise, and so will valua
. >> i think the market is playing a game of three-card monty right now. you have the fed on one side, fiscal cliff in the middle, and i think earnings is actually where the coin is. that's where the prize is. i think the market is vulnerable because it reminds me of 2007. earnings struggled the second half of the year. against that, you have macro easing from the fed. going to the december 2007 meeting, you actually had them cut rates. and after that, the market had a real tough time....
162
162
Dec 28, 2012
12/12
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CSPAN2
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there's a whole another group of obama's but i will do more sensitive way than monty scenario in terms of what the story really comes from. it reminded me a little bit of the clinton book and what people thought because he said it. it is in clinton's convention acceptance, they ran a film, the man from hope. this little small town in southwestern arkansas, the simplicity of rural life and in fact he's from hot springs, a completely different place, much more cosmopolitan and complex with a darker side. the obama story is that people so far his coquette to want to sir and of the story of barack obama senior and his father takes place somewhere else and that's where the african section of this book will start. >> host: two final questions. we want to introduce our viewers to [inaudible] >> guest: leo you could not make out. he belongs in some kind of african john cover a novel. he is 73 years old. he walks around this menacing club. he's got a depot into a cinema and seems to know everybody in africa. the form president of tanzania to idi amin the dictator of uganda back in the 70s and 8
there's a whole another group of obama's but i will do more sensitive way than monty scenario in terms of what the story really comes from. it reminded me a little bit of the clinton book and what people thought because he said it. it is in clinton's convention acceptance, they ran a film, the man from hope. this little small town in southwestern arkansas, the simplicity of rural life and in fact he's from hot springs, a completely different place, much more cosmopolitan and complex with a...
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174
Dec 19, 2012
12/12
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CNBC
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right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >> yesterday, in fact. >> that thing is stuck. it ain't going anywhere. those are the types of things that the private equity firms want to get out in the market. >> toy was public, went private. now we talk about it going public one day again. you put that in a group along with via of names that could go if the economy is strong enough. >> my colleague and i, we talked about this. he says if the economy is really great, then maybe these things get out there. ment but a via, a low-growth business right now, purchased at the top of the market. so many of those privately backed companies that are just stuck. we've seen
right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >>...
247
247
Dec 11, 2012
12/12
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remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadc
remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and...